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to be revenues as well. second, he's rejecting the john boehner approach which is boehner saying i'll agree to revenues as long as they come as a result of economic growth. in other words, we won't legislate changes in taxes. we'll hope that revenues go up. he's saying no, that won't work for me. you're not going to legislate spending cuts. this is the president talking. not legislate revenue changes as well. >> bill: all right. so there are -- the most immediate decision maybe facing the congress is that as you point out, all of the bush tax cuts expire. which means not only the taxes -- tax cuts for the wealthy expire, the tax cuts for those making under $250,000 a year expire as well. so the president said friday all right, the senate has already passed a bill which would give extended tax cutless for the 98%, those making under $250,000. but let the ones for the wealthier people and defined as over $250,000 expire. and he challenged the house of representatives to pass that. what do you think -- so this is a real -- to
that siri has to offer me. >> stephanie: i think dictionary.com backs me up on john boehner. >> there are pronunciations i've had to look up. i don't know everything off the top of my head. >> she knows how to pronounce myanmar. >> i know how to use the googles, too. >> stephanie: all right. here she is with all of her fancy, highfalutin words. >> paul ryan lost on the national ticket but won back his seat in congress. he will be back at the table of negotiations continuing over tax increases and spending cuts. paul ryan will continue to head up the house budget committee and john boehner expects him to help as the two parties try to come to a compromise that would stave off the fiscal cliff generate revenue and reduce the deficit. the hope is that ryan can help bring around fellow conservatives. as senator patty murray points out to the "new york times," ryan will have to be willing to listen and compromise if he's going to stick to his former budget proposals, it will be a long winter. americans just vote
bipartisan spirit. [ mumbling like boehner ] >> stephanie: we're going to make job creation more difficult. really? you're just going to continue with the same talking point? the job rates. >> the job creators-- [ mumbling ] >> stephanie: weren't those tax cuts supposed to expire two years ago? >> stephanie: yes, yes. >> that's too quick for them. >> stephanie: well yeah the president obviously gave in the last time. he said at the time this was an one-time thing. and as you recall he did it at the time because he was--it was over, you know, unemployment. you remember, it was right before christmas and they were going to cut off yeah, any way. economists from both parties say that a return to the recession is likely unless they compromise on the legislation. obama said everybody's taxes will go up including those who when make make less, and as an alternative. i don't know why they don't do this. he suggested paying legislation immediately to pre-event tax hike on everybody's income. >> that would make sense. >> stephanie: a measure that has already passed the senate. and he said we should
boehner wants a temporary deal that extends all the bush tax cuts and buys more time. democrats don't want to extend attach cuts at all even temporarily. we know going over the cliff would throw us into a recession but experts say if it's reversed within a couple weeks it wouldn't be catastrophic. if the two sides cut a deal referred to as the grand bargain, it's preferable in theory, but with democrats and republicans so far apart, it is unclear what we might have to sacrifice in order to get that bargain. third, the two sides could negotiate around the issue of taxes. this is a little more complicated, unclear how it might work. there would be some sort of trade-off and it seems unlikely. the fourth possible scenario, create a patch to get us through the start of the year, which is a short term extension of the status quo something republicans would like, because it extends the bush tax cuts. president obama did that once in 2010 and is not willing to do it again. finally, we could procrastinate with a little down payment sending the message we will get to it. it would be a small package
is listening to their suggestions. up to this point house speaker john boehner is saying he will not accept any increases on tax rates. but some top republicans are quietly coming around. it is obvious after the election that republicans do not hold the mandate on taxes. while the g.o.p. still might not agree to a tax rate on those making more than $250,000 a year, if democrats demand a millionaire tax increase, it will be hard for republicans to say no. climate change actvilles are not feeling too optimistic after the president's news conference yesterday. advocates had been hoping the president would push for a carbon tax as a way to help raise revenue during talks on the fiscal cliff. while the president did say he is a official believe err -- firm believer in climate change and will take up the issue in the future. for now it will take a backseat to the economy. this is also an issue both parties avoided during the presidential campaign and even during energy talks, there was no mention of climate change
Search Results 0 to 4 of about 5